Louis Chênevert on How to be an Effective CEO

Building a successful empire is no child’s play. A leading force in the business and technology industries, Louis Chênevert, gives key insight on how to lead a business the right way.

1. The Right Mentality:
What do eagles and great CEOs have in common? They are both sharp-sighted. A proper leader always has a glorious vision for the future. The ticking clock serves as a motivation to achieve and do more at a faster pace. An awe-inspiring leader understands that his duty is to get the engine started and to add to the firepower of the company, leaving a trail for his fellow successors.

2. Providing Opportunity for Growth:
Celebrating its 20th anniversary, UTC has invested more than $1.2 billion in its Employee Scholar Program, facilitating workers by bringing education programs at their very locations. UTC is dedicated to ensuring that their employees are equipped with the necessary skills and knowledge to flourish not only in the industry but in any part of the world. ESP has encouraged more than 45,000 employees to pursue a degree in a field of their choice!

3. Competition is Your Ally:
Competition polishes and hones the skills of its participants, turning them into precious diamonds. In the business world, competitiveness leads to team-unity, efficiency, and some dazzling inventions. UTC believes in embracing competitiveness.

Otis has provided its services to Burj Khalifa, Eiffel Tower, CN Tower and others.

The honor reward recipient, Canadian-born Louis Chênevert, accomplished impressive feats in the business world. After receiving a bachelor of commerce degree in production management from HEC Montréal, he began his career with General Motors where he served as Production General Manager for 14 years.

During his 4 years as CEO, Chenêvert was able to increase UTC’s share-price from $37 to a whopping $117. His foresightedness prevented the layoff of engineers something that was trending everywhere at that time. Pratt & Whitney made headlines with its 50% emissions reduction, and 16% fuel reduction GTF engines.

Chenêvert worked with UTC for 19 years. In 2011, he was appointed the chairman of Yale Cancer Center’s Advisory Board and was also listed in U.S. aviation trade magazine.

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